Elin purchased a used car for $ 1 5 , 0 0 0 . She wrote a
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Elin purchased a used car for $ She wrote a check for $as a down payment for the car and financed the remaining balance. The interest rate is compounded quarterly, and the loan will be repaid in equal monthly instalments for first two years and double it on the next two years. What is Elin's monthly car payment? Range of answer
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